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Halifax (HRM) Residential Statistic Update for the Week of January 10th - January 17th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 220 (223) *263 Sold: 72 (64) *78 Sale To Listing Ratio: 33% (29%) *30% Price Changes: 90 (86) *116 Listings that went conditional/pending: 122 (105) *139 Expired/Cancelled/Withdrawn: 87 (94) *75 Total Active Halifax/Dartmouth Inventory: 3,139 (3,133) +3,534 Absorption Rate in weeks: X (X) *X Single Family Home Stats Active Single Family Home: 1,692 (1,683) *1,937 Average Single Family Home List Price: $378,097 ($359k) *$297k Average Single Family Home Selling Price: $365,658 ($350k) *$275k Single Family Home Sale to List Ratio This Week: 97% (98%) *93% Median Single Family Home List Price (6 mo): $284,900 ($285k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($279k)*$269k Average Days on Market Single Family Home: 76 (108) *108 Condo Stats Active Condos: 249 (253) *349 Average Condo Listing Price: $285,073 ($236k) *$276k Average Condo Selling Price: $283,734 ($229k) *$267k Condo Sale to List Ratio This Week: 99% (97%) 97% Median Condo List Price (6 mo): $239,000 ($235k) *$240k Median Condo Sold Price (6 mo): $230,000 ($225k) *$239k Average Days on Market Condos: 114 ()112 *139 Active Vacant Lots: 936 (936) *918 Market Rant Here we go again? It's very early in the year and things tend to be a bit unpredictable, but market activity in the HRM is wild right now (especially on the peninsula). January does tend to have a surge of activity annually, which tends to cool off when the white stuff flies, but I'm not so sure this year is going to follow along. Right now, buyers in the market are in a "need to see right away" mode, because if they don't get in, chances are they will miss out! There was a decent amount of new listings this week, but the overall inventory reported a measly 6 product gain, and condo's actually reduced this week! If things keep going in this direction, buyers will have an even harder time finding the right fit, so that many more compromises might have to be made on the wants list to secure a property. Still, it is very early in the year, and things can got in either direction, but for now it's a feeding frenzy out there and new listings are chumming the waters. Things could change rapidly, so make sure to stop by to check into the blog to stay on top of the market, or contact me with any questions! Thanks for stopping by! The Weekly Adogtable Tundra is a ~3 year old spayed female amstaff mix. She would prefer a home with children 16 years and older. Obedience is an optional choice for her new owner(s). Tundra needs to go to an only animal home. Tundra is a beautiful amstaff mix looking for a quiet home that she can be the only child of. She enjoys going for walks, and snuggling up on a bed for some "beauty" rest. Tundra is eager to learn new tricks since she knows what the reward is around here (yummy treats!) If you would like to walk Tundra today, please inquire with the front desk staff! This "cuddly companion" is available through the NSSPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Comments are closed.
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Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. 
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